TaxGuided
United States IRC sections

Statute section

IRC section 441

Period for computation of taxable income

Country

United States

Section

441

Updated

2026-05-20

Operative text

Section 441 establishes the annual accounting period (taxable year) used to compute taxable income. Taxpayers generally use the calendar year, but may use a fiscal year if they keep books on that basis, subject to limits in Sections 444 and 706 for certain entities.

Cross-references

26 U.S.C. 44226 U.S.C. 706

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Primary sources

Important disclaimer

This library is for general tax education only. Always verify filing obligations, due dates, and tax consequences against the cited primary source or with a qualified tax professional.